Labor cost by country: the latest data

* indicates monthly or quarterly data series
Select indicator
* indicates monthly or quarterly data series
The index reflects the level of the total compensation of employees in the economy. Labor costs are defined as core expenditure borne by employers for the purpose of employing staff. They include employee compensation, with wages and salaries in cash and in kind, employers' social security contributions and employment taxes regarded as labor costs minus any subsidies received.



Countries Latest value Reference Change three months Change twelve months
Albania 155.54 Q3 / 2023 0.82% 16.02%
Australia 150.20 Q1 / 2024 0.81% 4.09%
Austria 120.40 Q1 / 2024 2.82% 10.26%
Azerbaijan 321.89 Q1 / 2024 5.52% 9.32%
Belarus 346.46 Jun / 2024 5.04% 17.79%
Belgium 117.60 Q1 / 2024 0.00% 2.35%
Bolivia 377.33 Q4 / 2023 0.42% -6.71%
Bosnia and Herzegovina 209.00 Mar / 2024 4.29% 7.62%
Bulgaria 157.20 Q1 / 2024 6.87% 15.93%
Canada 135.84 Q1 / 2024 -0.59% 2.20%
Chile 159.19 Mar / 2024 1.84% 6.27%
China 204.02 Q4 / 2019 4.29% 3.20%
Croatia 135.50 Q1 / 2024 2.57% 12.08%
Cyprus 120.60 Q1 / 2024 1.60% 4.69%
Czechia 116.30 Q1 / 2024 1.66% 6.70%
Denmark 109.90 Q1 / 2024 0.46% 2.81%
Estonia 134.70 Q1 / 2024 2.12% 7.25%
Euro area 114.60 Q1 / 2024 1.24% 4.66%
Finland 110.30 Q1 / 2024 -1.96% 2.51%
France 110.60 Q1 / 2024 0.36% 2.88%
Georgia 244.31 Q1 / 2024 -4.95% 13.21%
Germany 116.40 Q1 / 2024 1.93% 5.82%
Greece 125.40 Q1 / 2024 2.70% 10.68%
Hong Kong 267.90 Q1 / 2024 0.26% 3.84%
Hungary 151.10 Q1 / 2024 2.86% 13.87%
Iceland 144.40 Q1 / 2022 3.81% 6.96%
Ireland 135.50 Q1 / 2024 0.59% 6.19%
Italy 103.50 Q1 / 2024 -0.10% 1.67%
Japan 98.30 Mar / 2024 -1.50% -2.87%
Latvia 134.50 Q1 / 2024 4.83% 13.12%
Lithuania 150.90 Q1 / 2024 1.96% 10.31%
Luxembourg 116.70 Q1 / 2024 0.09% 4.95%
North Macedonia 287.00 Mar / 2024 1.28% 16.22%
Malta 125.10 Q1 / 2024 4.42% 4.51%
Mexico 158.65 Mar / 2024 -14.91% 9.52%
Moldova 306.27 Q1 / 2024 -1.72% 14.66%
Mongolia 168.32 Q4 / 2023 11.25% 27.72%
Montenegro 134.38 Mar / 2024 1.38% 6.39%
Netherlands 119.80 Q1 / 2024 2.39% 7.16%
New Zealand 1382.00 Q1 / 2024 0.88% 4.14%
Norway 116.30 Q1 / 2024 0.35% 5.73%
Poland 146.00 Q1 / 2024 3.62% 12.92%
Portugal 114.80 Q1 / 2024 0.79% 4.17%
Romania 154.70 Q1 / 2024 3.48% 15.62%
Russia 187.98 Mar / 2024 -15.48% 23.00%
Rwanda 153.67 Q3 / 2023 -8.11% 15.13%
Samoa 129.36 Q1 / 2024 -1.16% 5.18%
Serbia 162.70 Q1 / 2024 3.96% 13.14%
Slovakia 133.50 Q1 / 2024 2.85% 10.70%
Slovenia 132.40 Q1 / 2024 0.30% 9.97%
South Africa 148.70 Q4 / 2023 2.48% 4.64%
South Korea 125.70 Q1 / 2024 5.90% 3.71%
Spain 111.50 Q1 / 2024 0.81% 4.89%
Sweden 114.70 Q1 / 2024 1.06% 5.04%
Taiwan 107.01 Mar / 2024 1.06% 1.99%
Tajikistan 122.72 Mar / 2019 -6.22% 11.12%
Thailand 121.22 Q1 / 2024 4.76% 0.16%
Turkey 627.93 Q1 / 2024 48.06% 97.49%
USA 143.48 Q1 / 2024 1.47% 5.02%
Ukraine 4541.22 Jan / 2022 3.79% 18.16%
United Kingdom 218.00 Mar / 2024 1.74% 5.75%



The index reflects the level of the total compensation of employees in the economy. The changes in the next to last column show the percent change in the index from three months ago (or the previous quarter if the data are quarterly) and the last column shows the percent change from the same month (or quarter) last year.

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